BofA Can Be Sued By the U.S. and 2 More Heavily Traded Stocks to Follow
Bank of America Corporation (NYSE:BAC): Current price $13.01
On Wednesday, United States District Judge Jed Rakoff ruled that the government can pursue portions of a civil lawsuit against BofA concerning its sale of toxic mortgages to Fannie Mae and Freddie Mac, adding weight to a largely untested legal theory that government officials used in the case. The bank had attempted to get the case dismissed, which seeks penalties under the 1989 FIRREA law and other statutes. the judge issued a two-page decision on Wednesday with his findings, but indicated that he will explain the reasons for his decision at a later date.
Rite Aid Corporation (NYSE:RAD): Current price $2.55
The company said today that the first market in which most stores have been converted to its “wellness store” format is Buffalo, New York. Initially introduced in 2011, the latest store format contains an improved selection of wellness products and resources, advanced clinical pharmacy services and personalized customer product guidance, supplied by Rite Aid Wellness Ambassadors. Only at Rite Aid, do Wellness Ambassadors enhance the customer experience via service and serve as the nexus between the front end of the store and clinical care services provided by Rite Aid pharmacists.
Yahoo! (NASDAQ:YHOO): Current price $26.42
Chief Executive Officer Marissa Mayer intends to debut tools for Internet search, including facilitating the location of information on mobile devices, escalating efforts to grab share from Google (NASDAQ:GOOG). Senior Vice President of search Laurie Mann remarked that “We’ve got some really cool things in the pipeline, which we’ll be announcing and rolling out over the coming months,” in his first interview since being elevated to the position. He added that some of the upgrades are being developed in tandem with the firm’s search partner, Microsoft Corporation (NASDAQ:MSFT), while other improvements will be Yahoo’s own.
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